‘Tech helped bridge Rs 52 lakh crore funding gap for MSMEs’
12 hours ago · TReDS has helped address the credit gap of MSMEs — estimated at around Rs 52 lakh crore — by connecting them with banks and clients, reducing funding costs up to 2.5 percentage points, Patra ...
In boost to MSMEs, FM Nirmala Sitharaman pushes for Rs1.5L cr …
4 days ago · Sitharaman explained that outstanding loans for public sector banks towards MSMEs has shown a growth of 9.2% over the last two financial years, but private banks have shown 25% and non-banking ...
MSMEs as pillar in Prabowonomics' economic growth target
2 days ago · President Prabowo Subianto's government has made MSMEs one of the pillars in the economic sector. Prabowonomics—Prabowo's economic policy—focuses on food and energy sovereignty and improving the competitiveness of national industries. The policy targets economic growth of 8 percent and the elimination of poverty by focusing on investment ...
Power ministry likely to roll out ₹1,000 cr interest subvention …
15 hours ago · Under the scheme, MSMEs will receive an interest subsidy of 5% for small enterprises and 3% for medium enterprises on loans taken to implement energy-efficient technologies. The initiative comes as part of India's commitment to meet its net-zero emissions target by 2070, with the government pushing for lower energy costs and emissions in the ...
MSMEs will get collateral free loans of upto Rs 100 cr through a …
4 days ago · Finance Minister Nirmala Sitharaman announced a new credit guarantee scheme for MSMEs, offering collateral-free loans up to Rs 100 crore. The scheme aims to address the difficulties faced by MSMEs in obtaining term loans for machinery and expansion. Sitharaman highlighted that banks will implement their own credit assessment models, eliminating the need for third-party guarantees.
Govt to decide soon on Rs 100 crore credit guarantee scheme for MSMEs …
4 days ago · Highlighting the five announcements made in this budget for MSMEs she said, "the introduction of a special credit guarantee corpus to help MSMEs will be very helpful during the time of distress...." "The Rs 100 crore credit guarantee scheme will soon be placed before the cabinet. Immediately after getting approval from cabinet, the scheme that ...
Union Cabinet to soon decide on Rs 100 CR ... - The Financial Express
4 days ago · Union Cabinet to soon decide on Rs 100 CR credit guarantee scheme for MSMEs: Finance Minister "The grievance, which has been there for a very long time, is that the MSMEs can get working capital ...
Soon, collateral-free loan for MSMEs: FM | Latest News India ...
4 days ago · The government will soon launch a collateral-free loan scheme for MSMEs to enhance manufacturing, enabling loans up to ₹100 crore without third-party guarantees. | Latest News India
Well intentioned move for MSMEs backfires, industry hopes
Introduced in 2023, Section 43B(h) mandates timely payments from buyers to MSMEs within 45 days, aiming to protect small businesses. However, its implications in Assessment Year (AY) 2024-2025 have sparked debate, with concerns over its impact on industries and calls for a balanced approach.
Msmes News: Latest Msmes News, Photos, Videos and Podcasts
Jul 23, 2024 · Msmes News: Get the latest Msmes news, photos, videos, and podcasts. Explore more for Msmes breaking news, opinions, special reports, and more on mint.
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